Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Automakers Lead Sharp Selloff Worldwide

Nikkei drops 4.5%, Europe opens down

By Jason Farago,  Newser Staff

Posted Mar 30, 2009 5:35 AM CDT

(Newser) – Stocks in Asia and Europe plummeted today amid global fears for the auto industry and hesitation that this week's G20 summit in London might not deliver on ambitious goals. In Tokyo the Nikkei dropped 4.5%, with Toyota, Honda and Nissan all posting substantial falls. At midmorning stocks in London, Paris and Frankfurt were all down, with automakers and banks leading losses.

Japanese stocks tumbled Monday, hit by mounting concerns about the future of the US auto industry. The benchmark Nikkei 225 stock average lost 390.89 points, or 4.5 percent, to 8,236.08.
Japanese stocks tumbled Monday, hit by mounting concerns about the future of the US auto industry. The benchmark Nikkei 225 stock average lost 390.89 points, or 4.5 percent, to 8,236.08.   (AP Photo/Shizuo Kambayashi)
Women walk past an electronic stock indicator in Tokyo, Japan, Monday, March 30, 2009.
Women walk past an electronic stock indicator in Tokyo, Japan, Monday, March 30, 2009.   (AP Photo/Shizuo Kambayashi)
People walk outside the London Stock Exchange in the City of London financial district, Thursday, Nov. 20, 2008.
People walk outside the London Stock Exchange in the City of London financial district, Thursday, Nov. 20, 2008.   (AP Photo/Lefteris Pitarakis)
« Prev« Prev | Next »Next » Slideshow
To report an error on this story, notify our editors.
A snapshot of the day's best news stories.
 
COMMENTS
Showing 1 of 1 comment
Doctor-Zaius
Mar 30, 2009 11:03 AM CDT
Welcome to the bear.

More Newser Stories

Stocks Sputter, Gold Soars

Global Markets Follow Wall Street Down

Asian Markets Reeling

Crisis at Dubai Flagship Roils World Markets

US Woes Send Asian Stocks Tumbling


NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne